Peru Expects Further Slashes in Mining Output This 2012
Unless Peru gets to develop new mines at the soonest possible time, it is likely its mining output will all the more decline in the coming years, with overall mining production expected to fall 4 per cent in 2012 on depleted reserves, slowing global demand and domestic political upheavals.
According to official data collected by Reuters News, Peru's gold reserves available for production have dropped 20 per cent to 2.7 million tonnes in the last decade alone.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.